South Lake Tahoe Real Estate for Sale and Sold Report, January of 2017

The South Lake Tahoe housing market has been steady. The inventory of homes is lower than last year, however as long as interest rates remain the same home prices should continue to increase.

The Numbers Month to Month and Year to Year
– The median sales price for South Lake Tahoe, CA Homes for Sale was $416,750 in January 2017, compared to $395,000 during January 2016.
– The number of South Lake Tahoe, CA Homes that sold was 52 in January 2017 vs. 42 homes sold in January 2016.
– There were 34 new listings entering the market this month.
– There are 7 South Lake Tahoe, CA homes for sale that are under contract which represents 21.87% of the overall available inventory of 32 homes.
– Average days on the market: 120 days.
– From the 34 homes listed during January, none of them were foreclosures and none of them were short sales.

A few highlights of the current South Lake Tahoe, CA Homes for Sale are shown below.

 

This Month’s Most Expensive
The most expensive new listing that entered the market this year was 1835 Cold Creek Ct, selling for $1,395,000. Located in Montgomery Estates, this stunning 4,400 sq. ft. Tahoe home with 6 bedrooms and 4 full bathrooms offers lodge-style space for a large gathering of family and friends; an ideal retreat providing a true Tahoe experience. Warm knotty pine ceilings float above the inviting great room and well-equipped kitchen with granite slab countertops and ambient light. Two family rooms, a game room with bar & kitchenette, a private card room and five fireplaces provide ample space for entertaining or a quiet night in. Added amenities include two large decks, three-car garage, a fully fenced backyard and horseshoe pit. Two hot water heaters, forced air heat and air conditioning enhance the comfort of this mountain lodge. Montgomery Estates is convenient to shopping, nightlife and fabulous year-round recreation of the Lake Tahoe Area. This property boasts a strong vacation rental history.
This home was built in 2002 and is a 4 bedroom / 4 bath home. (schedule a showing).

 

This Month’s Least Expensive
The least expensive new listing that entered the market this year was 1200 Wildwood Ave #21 listed for $159,000. Turnkey furnished condo near the base of Heavenly Ski Resort. This complex is just around the corner from the California Base Lodge. The unit includes a reserved covered parking stall and the HOA takes care of exterior maintenance, exterior insurance, and additional parking. Priced to sell so do not wait! This property is 1044sf and was built in 1972.(schedule a showing)

 

This Month’s Must See

894 Rainbow Dr, South Lake Tahoe CA
894 Rainbow Dr, South Lake Tahoe CA

 

The choice for home of the month for January was easy this time.  894 Rainbow Dr is the perfect example of a Tahoe getaway spot and is selling for $399,000. Located in the heart of Lake Tahoe, this affordable single story home is perfect for those looking to invest at a low price with good bones and some upgrades already in place. The large living room features a fireplace surrounded by a river rock hearth. Open to the living area is the family kitchen offering updated appliances. From here, one can step out to the backyard paver patio and fenced yard ideal for outdoor entertaining. Down the hall are the three bedrooms, one an en-suite. The guest bath was recently updated with tasteful tile accents. The roof and windows have both been updated. Best of all, the location offers easy access to the popular bike trails leading to beaches. Heavenly Mt. skiing is within 10 minutes as well as the downtown corridor.  This beautiful home is spacious, inviting, and the perfect Tahoe getaway.   The comforting nature and great location make this home makes this our best pick for “Must See Home of January”  (schedule a showing)

 

 


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